Sumeet Industries Completes ₹199.75 Cr Rights Issue to Double Manufacturing Capacity
Sumeet Industries has finalized a ₹199.75 Crore capital raise through a rights issue to facilitate the integration of a newly acquired manufacturing plant and strengthen its balance sheet. The funding supports a strategic turnaround under new management, focusing on doubling production capacity and enhancing backward integration.
PDS Ltd Secures ₹2,375 Crore Annual Sourcing Contract from French Global Supermarket
PDS Limited has signed a multi-year Sourcing as a Service (SaaS) contract with the global sourcing arm of a major French retail group. The partnership involves managing apparel sourcing operations across five key countries, representing an annual volume of approximately ₹2,375 crore.
Arvind Ltd Board Approves ₹600 Crore Fund Raise via QIP and Other Securities
Arvind Ltd's board has greenlit a capital infusion of up to ₹600 Crore to bolster its financial position and support growth initiatives. The fundraising will occur through various instruments, primarily targeting institutional investors, pending shareholder and regulatory approvals.
ACS Technologies Secures ₹4.09 Crore HDFC Bank Loan to Expand Credit Facilities
ACS Technologies has approved the procurement of an additional ₹4.09 crore working capital term loan from HDFC Bank under the ECLGS 5.0 scheme. This capital infusion is designed to strengthen the company's liquidity position, bringing its total aggregate banking facilities to ₹48.74 crore.
Iris Clothings Enters Quick Commerce Segment; Reports ₹190.9 Cr Total Income for FY26
Iris Clothings Limited has officially entered the Quick Commerce segment, launching its products through a dominant Indian platform initially in Bengaluru and Hyderabad. This strategic move aims to leverage the gifting-led nature of children's apparel to drive immediate, occasion-based consumer purchases.
Welspun Living Starts Full Commercial Production at ₹122 Crore Nevada Pillow Unit
Welspun Living's subsidiary, Welspun USA Inc., has transitioned to full commercial production at its new pillow manufacturing plant in Nevada, USA. The facility represents a capital expenditure of US$ 13 million (₹122.20 crore) aimed at scaling the company's presence in the North American home textiles market.
Kewal Kiran Clothing Reports 20.9% Revenue Growth in FY26, Beats EBITDA Margin Guidance
Kewal Kiran Clothing Limited (KKCL) delivered a robust financial performance for the fiscal year 2026, with annual revenue crossing the ₹1,200 crore milestone. The company successfully expanded its EBITDA margins to 19.6%, exceeding its previously guided range of 17-18%, driven by strong operating leverage and an aggressive retail expansion strategy.
Varvee Global Ltd Bags ₹12.08 Cr Order for Suiting Fabrics to Drive Non-Denim Growth
Varvee Global Limited has secured a significant purchase order valued at ₹12.08 Crore for the supply of nearly 9 lakh meters of suiting fabrics. This order, scheduled for completion within the next three months, marks a strategic step in the company's expansion into value-added non-denim textile segments.
Aviva Industries Board to Evaluate ₹350 Crore Fund Raise via Multiple Instruments
Aviva Industries has updated its board meeting agenda for May 14, 2026, to include a significant fund-raising proposal with an indicative valuation of ₹350 Crore. The company intends to explore various capital-raising avenues, including qualified institutional placements and preferential issues, to facilitate its long-term growth strategy.